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Motion Control Drive Market - Adoption of Advanced and Automated Systems for Factory Automation Boost Growth
A motion controller contains motion profiles and target positions and it creates trajectories for motors and/or actuators. Motion control drives are an integral part of motion controllers. They are mostly used for process automation in various end-use industries such as electronics and assembly, robotics, semiconductors, and food & beverages among others. This is due to the advancement in processing speed, precision, and reliability of these systems.Obtain Brochure For Latest Technology Advancements @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=52011
Also, increasing complexity in electronic equipment manufacturing processes is driving the need for high-tech motors, drives, and controllers. This is further likely to drive the motion control drive market during forecast the period. In 2017, the global motion control drive market was valued at US$ 6,446.99 Mn and is anticipated to reach US$ 11,681.10 Mn in 2026, expanding at a CAGR of 6.9% during the forecast period.
The demand for motion control drives is directly reliant on the rise in process automation in multiple industries, such as electronics and assembly, medical, machine tools, and more, as is impacts on the productivity. Ease of use and integration of motion control drives and rise in the use of IIoT solutions have increased demand for motion control drives, thereby offering attractive opportunities to the global motion control drives market.
The global motion control drives market has been broadly segmented by type, type of axis, precision, application, and region. In terms of type, the motion control drive market has been classified into AC drive and DC drive. The AC drive segment is anticipated to account for a significant 66.62% market share in 2017.
The segment is expected to expand at a significant CAGR of 8.2% during the forecast period. Based on type of axis, the market has been divided into single axis and multi axis. The multi axis segment constituted a significant market share in 2017. The segment is expected to lead the motion control drive market during the forecast period. In terms of precision, the motion control drive market can be categorized into very high precision, high precision, and standard.
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